What is a Debit Card?

A debit card is a plastic card, resembling a credit card, that provides an alternative payment method to paper checks or cash when making purchases. Functionally, it can be thought of as an electronic check, because the funds are withdrawn directly from your account with us.

What makes my Debit Cards different than a credit card?

Debit Cards allows you to pay for your purchases using the money in your account with us. When you use a credit card, you are borrowing the money for your purchase, which means you have to repay it with interest. Using your debit card is just like writing a check or paying with cash -- you pay for the purchase on the spot.

Are Debit Cards secure?

Debit Cards are very secure. Each time you make a purchase, you either enter a 4-digit PIN that only you know -- or you can sign a purchase slip just like you would do with a credit card. Either way, you have complete control over the amount you are authorizing. And, debit cards are much safer than carrying cash. If it's lost or stolen, you can limit your losses by reporting it to us right away.

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about FDIC insurance coverage of transaction accounts, visit www.fdic.gov.